Bold Stock Alert

Our New Bold Stock… FormCap Corp!

FORMCAP CORP (OTC: FRMC)

FORMCAP CORP (OTC: FRMC) is an emerging junior in the oil and gas sector. FormCap is a fully reporting issuer and has completed and filed its Year-End Audit and Quarterly financial information. The Company is now preparing its 15c-211 filing for listing on the Over-the-Counter Bulletin Board (OTCBB). It is anticipated that this submission will be made early in 2010.

Formcap Major Prospect

• The Weber City Prospect is located in Curry County, New Mexico. FormCap holds 100% Working Interest (80% Net Revenue Interest) in the 4,900 acre Weber City Prospect located in Curry County, New Mexico, and the oil rich Permian Basin.  With 40 acre spacing in this area, the project is estimated to produce over 220 million barrels of oil in a successful case. Project wells are anticipated to flow at initial rates averaging 300 barrels per day, free of formation water.

Curry County New Mexico 100% Working Interest Five Year Lease

FormCap holds 100% Working Interest (80% Net Revenue Interest) in the 4,900 acre Weber City Prospect located in Curry County, New Mexico. These leases have been assigned and are duly recorded with initial 5 year terms.  All leases were initiated in June of 2009 and all leases have been duly recorded in the State of New Mexico.

Prospect Located in Rich Permian Basin

The Weber City Prospect is located in Curry County, New Mexico which lies on the eastern most side of New Mexico bordering the state of Texas. Geologically, this Prospect in on the northern flank of the prolific Permian Basin and focuses on the Cisco Formation of Pennsylvanian Age.

Initial 7,000 Foot Test Well

While the primary objective is the oil rich Cisco Formation, the Company plans to drill an initial 7,000 foot well to test four potentially productive hydrocarbon zones

• The San Andres
• Clearfork
• Wolfcamp
• The Primary Objective:  The Cisco Formation

Secondary Objectives

The Prospect’s multiple secondary objectives are all oil and are primary producing zones in the Permain Basin of New Mexico and Texas. Based on modeling of a “look alike” existing producing field, the Anton Irish Field, well recoveries are expected to range from 100,000 to over 500,000 barrels of oil per well.

Promising Potential

With 40 acre spacing in this area, the project is estimated to produce over 220 million barrels of oil in a successful case. Project wells are anticipated to flow at initial rates averaging 300 barrels per day, free of formation water.

As New Mexico Operator FormCap Improve Prospect’s Economics

FormCap is an Operator in the State of New Mexico which provides the Company with complete control over operations on wells developed on its prospects. The Company plans to drill early in 2010 and establish FormCap as an Operator.  This will eliminate the need for Third Party contracting of these services which is anticipated to improve the over-all economics of prospects developed in New Mexico.

Weber City Prospect Geological Potential

In order to better understand how the Prospect developed geologically, the following provides a brief description of the formation of the Pennsylvanian Reef reservoirs.

The Cisco Formation is primarily marine limestone and shales, with the reservoir developed in limestone sequences. During deposition, the Pennsylvanian seas were relatively shallow and warm or tropical. At the same time in this area of the Permian Basin, an incipient basin margin started to develop. Associated with this development, structures evolved on the Pennsylvanian seafloor.

Upon these structures, patch reefs began to grow. As the Pennsylvanian sea deepened, the reefs grew vertically in an attempt to stay close to the surface and most critically within the photic or sunlight zone. A major regression or withdrawal of the seas, ended reef deposition. But leaving the reefs exposed led to excellent porosity and permeability development. Several of these Pennsylvanian Reef reservoirs are giant oil traps, producing over a billion barrels of oil in the Permian Basin. The Weber City Prospect focuses on the same type of oil trap.

Detailed mapping, landsat imagery, seismic analysis and log evaluation outlines a major, combination stratigraphic, structural trap on the Prospect; the existing Anton Irish Field. Structural analysis of the Permian Basin over a 20 year period integrate with landsat analysis by a renowned structural geologist outlines a probable compression structure or “pop bloc”. South of the structure, Gulf Oil tested significant oil from the Cisco Formation. A shallow well drilled and completed in 1947 as a 1,600’ oil producer is located at the crest of the Weber City “pop bloc”. Finally, a well off of the northern flank of the Prospect, drilled into over 1,200’ of basinal shale and defines the northern limits. As in Anton Irish and Pennsylvanian Reef Fields in the Permian Basin (Kelly-Snyder), individual leases can produce over a million barrels of oil.

Permian Basin Acquisiton
Formcap acquired a strategically positioned acreage located in the Permian Basin, a prolific area that has produced over 35 billion barrels of oil and 100 trillion cubic feet of gas, and is host to over 20 percent of all domestic oil and gas produced in the US.

Recent Acquisition and Activity

Recently, Exxon Mobil bought XTO Energy for $31 billion. This acquisition was the largest U.S. energy takeover since Houston-based Conoco-Phillips acquired Burlington Resources. Exxon’s acquisition of XTO Energy in December 2009 was largely in part for XTO’s significant Permian Basin assets. Recent merger and acquisition activity in the Permian Basin highlights the growing importance of this historically prolific, domestic source of energy. Shortly after Exxon’s takeover of XTO, a Bloomberg article on December 14th, 2009, reported that the Exxon acquisition may have signaled a wave of new acquisitions referencing Occidental Petroleum’s purchase of Plains Exploration & Production’s interest in the Permian Basin of West Texas and New Mexico, as well as their Piceance Basin assets of Colorado for $1.25 billion. Likewise, SandRidge Energy recently acquired Forest Oil’s Permian Basin assets for $800 million. The Permian Basin’s development history and stable, long-life production is one of the main reasons FormCap has secured the Weber City Prospect acreage.

FormCap Management

FormCap’s current management team is led by Graham Douglas. Consultants and Advisors have been engaged on a contract basis as required to minimize expenditures during this start-up phase. Many of these individuals will join the team in a more formal manner as Director’s and Officer’s of FormCap, once funding is secured.

Graham Douglas, President

Graham Douglas is an experienced business executive with 35 years of financial and operational management. After graduating in 1970 with a Bachelor of Commerce Honors degree, Mr. Douglas was employed by two large Canadian banks in the area of corporate finance.

From 1978 through 1985, Mr. Douglas was involved in the commercial/industrial real estate development and construction industry in a financial capacity, progressing to be the President of the Company.

In the period 1986 through 1992, Mr. Douglas was the Chief Operating Officer of a large west coast Canadian transportation, warehousing, freight forwarding and sea terminal operator. In this capacity, he oversaw the restructuring of the company’s operations and the eventual sale of the various operating entities.

Beginning in 1992, Mr. Douglas has been active as a business consultant in the area of corporate restructurings, mergers and acquisitions, corporate finance and public offerings. Mr. Douglas has been an early stage investor and assisted in raising later stage funding for several companies in a variety of industries. Industries include the following: beverage, food processing, clothing, tourism, real estate, construction, telecommunications, hightec, mining and exploration, heavy equipment auction, oil and gas exploration and biofuels. In several instances, Mr. Douglas has taken temporary positions in management and governance through transitional periods or in difficult circumstances. Mr. Douglas is a resident of Mexico and works throughout North America and the international markets.

Advisors & Consultants

Thomas Markham, Chief Geologist

Mr. Thomas Markham will serve as a consulting Senior Geologist.  He is a professional geologist specializing in evaluation and development of oil and gas plays in the mid-continental US, since receiving his Masters of Geology from LSU in 1976. He began his career working with BEPCO, ARCO and then TENNECO, acting as geologist on a wide range of projects spanning over 12 years of development on leading plays including the Pinon, Allen Hill, Brunson Ranch, J.D. Shale, Brown Bassett Extension and NYY projects. During this period, he directed 15 graduate-level geologists and managed annual exploration budgets up of to $21 million.

He has recently acted as Chief Geologist in charge of the supervision and generation of a 21,000 acre Pennsylvanian gas play in the Permian Basin. In Oklahoma, Mr. Markham was instrumental in play development and directed negotiations with the Osage Tribe of Oklahoma for drilling rights on 57-quarter sections (9,120 acres). He has been an independent oil and gas geologist managing project generation and evaluation for various industry and non-industry groups primarily in the Mid Continent.

Mr. Markham has successfully drilled and completed proprietary prospects (while providing the supervision of seismic, leasing, drilling, completion, and production activities) of 88 oil and gas wells (to 10,500’) in Texas, New Mexico, and Oklahoma. He was the generating geologist of a 5 TCFG overthrust play in Central Texas, he finalized a New Mexico San Andres stratigraphic play (50 to 100 MMBO at 4,000’) and a Permian Basin Devonian structural play. He has managed the screening and evaluation of Springer – Atoka sub-basin prospects of the Anadarko Basin (3-D).

Mr. Marham has been published in the American Gas Journal and he has been invited on a technical tour of the former Soviet Union to review oil and gas assets. He was also guest speaker at the American Association of Petroleum Landman’s (AAPL) “Buying Oil and Gas Properties” seminar.

Randall K. Boatright

Most recently Mr. Boatright served as Interim President and CEO, CFO and Director of Dexterity Surgical, Inc. He has extensive experience in the energy business as he was formerly EVP, CFO and Director of Abraxas Petroleum Corporation (AMEX:ABP) and Controller of a large private independent oil and gas company. Prior to that, Mr. Boatright practiced accounting with the firm of Coopers & Lybrand LLP. He is a CPA and a graduate of the College of William & Mary in Virginia.
MAC Advisory Services

MAC Advisors, a mini-microcap advisory service with oil and gas expertise. MAC principals have over 50 years direct experience in related areas of: Oil and Gas finance, accounting and capital equipment; Corporate Finance and Merchant Banking; and Management of both public and private developmental stage companies. They have work experience that includes work at Gearhart/Haliburton, as well as corporate finance experience with Dorchester Oil and Gas (both Fortune 500 Companies). Their resumes include work experience in the area of corporate finance and as a financial analyst concentrating on exploration, crude oil purchasing and related special projects. They have also worked as independent landman in West Texas and hold royalty and working interests in several producing oil and gas properties. Through the relationship with MAC, Formcap will have full access to valuable industry experience and contacts.

Norman Mackenzie Consulting and Option Agreement

Formcap entered into a Consulting and Option Agreement with Mr. Norman Mackenzie of Calgary, Alberta, Canada, to develop and execute the drilling and development plan for the Weber City Prospect. The Weber City Prospect consists of approximately 4,800 acres with room for 100+ well locations, strategically positioned in the Permian Basin, a prolific area that has produced over 35 billion barrels of oil and 100 trillion cubic feet of gas, and is host to over 20 percent of all domestic oil and gas produced in the US.
Mr. Mackenzie has over thirty years experience in the domestic and international energy industry with companies that have developed significant energy projects in the North Sea (UK and Norway), China, Abu Dhabi, Dubai, Egypt, Bangladesh and Libya.

He is Chairman and Founder of C & C Energy Canada Ltd., which is engaged in oil and gas exploration in Colombia, South America; these assets are currently capable of producing over 5,000 BOPD.

Companies that Mr. Mackenzie has been associated with have been at the leading edge of technology in all sectors of the oil & gas business. In 1992, Scimitar Hydrocarbons, a public company founded by Mr. Mackenzie, was merged with Rally Energy Corp., which was subsequently sold for over $900 million in 2003. Mr. Mackenzie and his team will develop a strategic development plan that will include the scope of seismic surveys, the delineation of multiple drill targets and access to capital to assist in the ultimate exploitation of FormCap’s leases.
“Mr. Mackenzie and his team bring an extremely high level of expertise to FormCap’s exploration and development plan for Weber City Prospect. The fact that he negotiated for rights to financially participate in the development of this Prospect further supports our contention that it is a high quality opportunity” stated Graham Douglas, FormCap’s President

A professional geologist specializing in the evaluation and development of oil and gas plays in the onshore United States, Tom received his Masters of Geology from LSU in 1976 and then pursued a career working with ARCO, BEPCO, HOUSTON OIL and MINERALS, and TENNECO.

Formcap Corp.
50 W. Liberty St.
Suite 880
Reno, NV 89501
Website: www.formcapcorp.com 
Phone: (888) 777-8777.

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BOLD RESULTS… BE A PART OF IT:

Some of our recent successes:

BDGN was an instant hit, moving up a full 81% in just six trading sessions!

Started on Monday, January 11, 2009.  Up 91% on day one. Volume on Monday more than all of prior December’s volume.

A solid 42% gainer!  Those that hung in got the reward!

While that says 74% above, that is actually over 100% as of highs earlier this month.

While many times we see stocks that fall back down on many competitors, this one has not. It bounced off the recent multi year high of $0.42 this month again.

While off of its recent 52 Week High that followed our StockGuru coverage, it is clear the right news will put this in 52 week high territory again!

Strong first day peformance. So many members were very happy that day!